New York § 1123 General and administrative provisions

New York Statutes

§ 1123 — General and administrative provisions

New York § 1123

Law PVHPrivate Housing Finance

Art. 20Manufactured Home Cooperative Fund Program

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Bluebook

N.Y. Private Housing Finance § 1123 (2026).

Text

§ 1123. General and administrative provisions.

1.The agency may issue\nand promulgate rules and regulations for the administration of this\narticle. The rules and regulations shall include provisions concerning\nthe eligibility of applicants for payments, grants and loans under this\narticle; funding criteria and the funding determination process;\nsupervision and evaluation of contracting applicants; reporting,\nbudgeting and record-keeping requirements; provisions for modification\nand termination of contracts; and such other matters not inconsistent\nwith the purposes and provisions of this article as the agency shall\ndeem necessary, proper and appropriate.\n 2. The agency may provide technical services and assistance or\ncontract to provide technical services and assistance to eli

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§ 1123. General and administrative provisions. 1. The agency may issue\nand promulgate rules and regulations for the administration of this\narticle. The rules and regulations shall include provisions concerning\nthe eligibility of applicants for payments, grants and loans under this\narticle; funding criteria and the funding determination process;\nsupervision and evaluation of contracting applicants; reporting,\nbudgeting and record-keeping requirements; provisions for modification\nand termination of contracts; and such other matters not inconsistent\nwith the purposes and provisions of this article as the agency shall\ndeem necessary, proper and appropriate.\n 2. The agency may provide technical services and assistance or\ncontract to provide technical services and assistance to eligible\napplicants to comply with the provisions and intent of this article\nwhich services and assistance may include but shall not necessarily be\nlimited to site selection, financial packaging and engineering and\narchitectural services necessary for the preparation of proposals for\nentering into contracts or for the continued operation of a manufactured\nhome cooperative or for infrastructure improvement projects.\n 3. The agency and applicants shall deposit any recaptured funds or\nfunds from the repayment of loans and interest received on loans into\nthe manufactured home cooperative fund.\n 4. Notwithstanding the provisions of article one-A of the public\nauthorities law, contracts entered into by the agency pursuant to this\narticle shall not be subject to the provisions of article one-A of the\npublic authorities law.\n 5. The agency shall require the submission of the names, addresses and\nbusiness background of the principals involved, the nature of their\nfiduciary relationship and their financial relationship, past, present\nand future, to the project and to each other.\n